London Restorers Limited - Filleted accounts

Registered number

05175885

London Restorers Limited

Filleted Accounts

31 July 2025

London Restorers Limited
Registered number:		05175885
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		923			1,231

Current assets
Stocks		405			405
Debtors	4	13,862			33,669
Cash at bank and in hand		27,872			22,271
		42,139			56,345

Creditors: amounts falling due within one year	5	(33,273)			(42,733)

Net current assets			8,866			13,612

Net assets			9,789			14,843

Capital and reserves
Called up share capital			100			100
Profit and loss account			9,689			14,743

Shareholder's funds			9,789			14,843

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




John Mackenzie-Hasler
Director
Approved by the board on 20 April 2026

London Restorers Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 August 2024				37,655
	At 31 July 2025				37,655

	Depreciation
	At 1 August 2024				36,424
	Charge for the year				308
	At 31 July 2025				36,732

	Net book value
	At 31 July 2025				923
	At 31 July 2024				1,231


4	Debtors		2025		2024
£				£

	Trade debtors		11,862		31,669
	Other debtors		2,000		2,000
			13,862		33,669


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		190		190
	Other creditors		33,083		42,543
			33,273		42,733


6	Other information

	London Restorers Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Pennyweights
	Kenley
	CR8 5HB